Center of the American Experiment Issues Commentary: Federal Budget Crisis
June 09, 2026
June 09, 2026
MINNETONKA, Minnesota, June 9 -- The Center of the American Experiment, a civic and educational organization that says it creates and advocates policies, issued the following commentary on June 8, 2026, by economist John Phelan:
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The federal budget crisis
In every year since 2001, the federal government has spent more money than it collects in taxes. As Figure 1 shows, while federal revenues have increased from $2.0 trillion in 2001 to 5.2 trillion in . . .
* * *
The federal budget crisis
In every year since 2001, the federal government has spent more money than it collects in taxes. As Figure 1 shows, while federal revenues have increased from $2.0 trillion in 2001 to 5.2 trillion in . . .